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Union Budget 2025: Why Economic Survey matters? When is it presented?

Union Budget 2025: Why Economic Survey matters? When is it presented?

Thu, Jan 02, 2025

Finance Minister Nirmala Sitharaman is likely to present the Budget for FY 2025-26 in the Parliament on February 1, 2025. Prior to the presentation, the Ministry of Finance will publish the Economic Survey, which is followed by a press conference addressed by the Chief Economic Advisor and other senior officials of the Finance Ministry.

India's current account deficit to remain in 1.2-1.5% range of GDP in FY25

India's current account deficit to remain in 1.2-1.5% range of GDP in FY25

Sat, Dec 28, 2024

Overall, India's balance of payments was supported by robust inflows from FPIs, ECBs and NRI deposits.

India to see record-breaking IPO fundraising in 2025 exceeding Rs 2 lakh crore

India to see record-breaking IPO fundraising in 2025 exceeding Rs 2 lakh crore

Thu, Dec 26, 2024

India is on track to become the world's third-largest economy by 2027 with a $7 trillion GDP target by 2030, a report said on Thursday, predicting record-breaking IPO fundraising in the country next year, exceeding Rs 2 lakh crore.

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Services PMI rises to three-month high in July on buoyant orders

Services PMI rises to three-month high in July on buoyant orders

Wed, Aug 03, 2016

"The Indian service economy started the second semester on a solid footing, posting its strongest performance since April and thereby indicating that underlying demand conditions remained reasonably firm," said Pollyanna De Lima, economist at survey compiler Markit.

Tax concessions may cost India Rs 6 lakh crore this year

Tax concessions may cost India Rs 6 lakh crore this year

Wed, Aug 03, 2016

“No sector wise details of industry are however maintained and section wise details of revenue impact of direct tax incentives is presented before Parliament with Budget in the form of document titled, 'Statement of Revenue Impact of Tax Incentives under the Central Tax System',” said Santosh Kumar Gangwar, Minister of State (MoS), Finance Ministry.

India's top companies to outperform Chinese counterparts

India's top companies to outperform Chinese counterparts

Tue, Aug 02, 2016

India's top companies are set to outperform their Chinese counterparts driven by increased spending by the Indian government through its 'Make in india' programme and improvement in the transportation sector despite the infrastructure bottlenecks, S&P Global Ratings said in its latest report

China's official manufacturing PMI drops in July

China's official manufacturing PMI drops in July

Mon, Aug 01, 2016

IHS Market and Caixin, in a statement, said, “July survey data signalled a renewed upturn in operating conditions faced by Chinese manufacturers, with output, new orders and buying activity all returning to growth. However, employment continued to decline and at a solid pace, which in turn contributed to the quickest rise in outstanding business since March 2011.”

France reports 'disappointing' zero growth

France reports 'disappointing' zero growth

Fri, Jul 29, 2016

Food spending dropped, as did services as start-of-year spending on tickets and accommodation for the Euro 2016 football championships dropped out of the equation, Insee said.

China's second-quarter growth slows to 6.6%: AFP poll

China's second-quarter growth slows to 6.6%: AFP poll

Wed, Jul 13, 2016

China`s growth slipped to a new seven-year low of 6.6% in the second quarter, according to an AFP survey, despite government efforts to spur activity in the world`s second-largest economy.

New GDP series needs time but IIP has limitations too: Indian Chief Statistician

New GDP series needs time but IIP has limitations too: Indian Chief Statistician

Mon, Jun 20, 2016

With the discrepancy noticed between GDP rising at 7.9% and Indian Industrial Production (IIP) showing only 0.8%, caused many to question if GDP is a ‘satisfactory’ measure of growth.

India's Jan-March current account deficit narrows to 0.1% of GDP

India's Jan-March current account deficit narrows to 0.1% of GDP

Thu, Jun 16, 2016

India`s current account deficit in the January-March quarter narrowed to $300 million, or 0.1 % of gross domestic product, from $7.1 billion, or 1.3 % of GDP in the previous quarter, the central bank said on Thursday.

India to grow at 7.6% despite World Bank cutting global growth forecast to 2.4%

India to grow at 7.6% despite World Bank cutting global growth forecast to 2.4%

Wed, Jun 08, 2016

In its Global Economic Prospects Report released on Tuesday, the Washington-based institution expected the world economy to grow 2.4% in 2016, 0.5 percentage point lower than the bank's forecast in January, Xinhua news agency reported.

Good news! Central Government employees to get a pay hike as 7th Pay Commission comes into force soon

Good news! Central Government employees to get a pay hike as 7th Pay Commission comes into force soon

Thu, Jun 02, 2016

It is good news for lakhs of central government employees as the 7th Pay Commission recommendations are going to be implemented leading to salary hikes for them.

Indians must go online to increase extra $1 trillion GDP by 2020: Facebook

Indians must go online to increase extra $1 trillion GDP by 2020: Facebook

Mon, May 30, 2016

India's GDP could be increased by an extra $1 trillion by 2020, according to the Facebook-commissioned report, published this month if internet usage reaches 100%. To put this in perspective, India`s GDP crossed the $2 trillion mark for the first time in 2014, according to World Bank data.

Property rates peak but people still looking to buy new houses: HDFC

Property rates peak but people still looking to buy new houses: HDFC

Mon, May 09, 2016

Home prices have touched record high levels but a faster rise in disposable income has made house purchasing the most affordable ever, housing loan major HDFC has said in a According to latest data compiled by HDFC, the average property value of housing units have risen to an all-time high of ove

''La Nina' to boost India's consumption, GDP growth'

''La Nina' to boost India's consumption, GDP growth'

Thu, Apr 21, 2016

"Agri GDP in La Nina years grew at an average 7.8% y-o-y as against an average of 2.3% y-o-y in non-La Nina years," said a Deutsche Bank report

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